Red Cliffs is a mid-sized suburb in Victoria within the Mildura local government area (postcode 3496). With a population of 5,294, the suburb has an established demographic with a median age of 41. Households earn a median income of $67K per year, with an average household size of 2.5 people. The most common occupations are labourers, technicians & trades, managers. The top ancestries reported are Australian, English, Scottish.
The median house price in Red Cliffs is $398,000, having surged 18.7% over the past year. The current median weekly rent is $380. This gives a gross rental yield of approximately 5.0%. The median monthly mortgage repayment is $1,083.
Red Cliffs is served by 4 schools, including 3 primary, 1 secondary. The average ICSEA score is 948, which is below the national average of 1,000. Public transport access includes 1 rail station, 19 bus stops. The crime rate in the Mildura LGA is higher than average at 14,116 incidents per 100,000 population.
From an investment perspective, Red Cliffs offers a gross rental yield of 5.0%, rated as moderate yield. Property prices sit below the state median ($398K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 5.9x is considered affordable. House prices have moved +18.7% year-on-year.
Red Cliffs is a mid-sized suburb in Victoria within the Mildura local government area (postcode 3496). With a population of 5,294, the suburb has an established demographic with a median age of 41. Households earn a median income of $67K per year, with an average household size of 2.5 people. The most common occupations are labourers, technicians & trades, managers. The top ancestries reported are Australian, English, Scottish.
The median house price in Red Cliffs is $398,000, having surged 18.7% over the past year. The current median weekly rent is $380. This gives a gross rental yield of approximately 5.0%. The median monthly mortgage repayment is $1,083.
Red Cliffs is served by 4 schools, including 3 primary, 1 secondary. The average ICSEA score is 948, which is below the national average of 1,000. Public transport access includes 1 rail station, 19 bus stops. The crime rate in the Mildura LGA is higher than average at 14,116 incidents per 100,000 population.
From an investment perspective, Red Cliffs offers a gross rental yield of 5.0%, rated as moderate yield. Property prices sit below the state median ($398K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 5.9x is considered affordable. House prices have moved +18.7% year-on-year.